In a report on the rupee's depreciation, S&P said, "Revenue for companies that export and operate overseas would rise, because they would get more rupees for the goods and services they sell."
Weak economy and high interest rates in India, which have adversely affected cash flows and debt-servicing ability, have prompted the companies to improve their financial profiles.
The apex court had observed that the allocation was arbitrary, illegal, and resulted in unfair distribution of national wealth.
Most private companies are not initiating large projects.
Anil Agarwal, chairman of the Vedanta group, has not started the New Year on a good note.
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